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york city will be bored to indigent parents. host: your point in all this? caller: my point is, the money that is being spent on these other entitlement programs have to be cut because these people are able to get out of work and make a nice living, whereas the elderly cannot. guest: i think the main thing to pay it to do about the federal budget -- and this is something that people say flippantly some times. at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past
? >> again city and of the facts. i'm happy to try to up as soon. >> that soon orders possibility do they have? >> i think you have it exactly right. the tstees of the 41 plans in which they participate our creditors. as it happens, hostess has a single employer plan. on the multi employer side we are not the creditors. we're a step removed from it. >> they sp making the contribution? >> i don't know. let me find out. >> if they did? >> that depends on what their legal obligations are in bankruptcy. >> what about before they get to a bankruptcy? >> if they fail to make contributions beforehand -- >> the contractual obligation a people and the union to pay with the union has designated as $4 some change per hour. plus not making their employer contributions, what obligation is it for the multi player plan to step in and do se enforcement, do something about that? before things go belly up. >> i think the me step back. when under bankruptcy -- >> your not in bankruptcy yet. before -- >> hostess has been in bankruptcy multiple times in the last few years. >> but there were times there w
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